XML 47 R33.htm IDEA: XBRL DOCUMENT v3.22.2
Revenues (Tables)
12 Months Ended
May 31, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue by Channel
The following table presents the Company’s segment revenues disaggregated by region and domestic channel during the year ended May 31:
202220212020
Book Clubs - U.S.$126.4 $145.4 $157.4 
Book Fairs - U.S.429.7 164.3 383.8 
Trade - U.S.344.0 328.8 306.7 
Trade - International(1)
46.4 36.5 33.8 
Total Children's Book Publishing and Distribution946.5 675.0 881.7 
Education Solutions - U.S.393.6 312.3 287.3 
Total Education Solutions393.6 312.3 287.3 
International - Major Markets(2)
237.1 226.8 227.1 
International - Other Markets(3)
65.7 86.2 91.0 
Total International302.8 313.0 318.1 
Total Revenues$1,642.9 $1,300.3 $1,487.1 
(1) Primarily includes foreign rights and certain product sales in the UK.
(2) Includes Canada, UK, Australia and New Zealand.
(3) Primarily includes markets in Asia.
Accounts Receivable, Allowance for Credit Loss
The following table presents the change in the allowance for credit losses, which is included in Accounts Receivable, net on the Consolidated Balance Sheets:
Allowance for Credit Losses
Balance as of June 1, 2021$21.4 
Current period provision15.2 
Write-offs and other (10.7)
Balance as of May 31, 2022$25.9 
Contract with Customer, Contract Asset, Contract Liability, and Receivable
The following table presents further detail regarding the Company's deferred revenue balance for the years ended May 31:

20222021
Book fairs incentive credits$100.1 $59.9 
Magazines+ subscriptions4.5 4.6 
U.S. digital subscriptions19.5 11.9 
U.S. education-related(1)
13.6 6.2 
Media-related15.8 2.5 
Stored value cards9.4 2.9 
Other(2)
9.9 11.1 
Total deferred revenue$172.8 $99.1